Good time to bet a little?
The two giants of the previous NFT season, Bored Ape and Azuki, have both dropped over 10x from their ATH
They have large communities, incredibly strong financial potential, and their collections are almost iconic in the NFT space
But why haven't they made a comeback?
> Disillusioned communities
> Devs lack motivation to build products
> Depleted potential (token airdrops, receive WL from hyped collections, etc.)
I agree with @waleswoosh that we’ll see an “NFT szn,” but this season will be different from the previous ones
Cash flow will focus and flow heavily into core collections, not spread thinly
Be cautious when holding onto old collections with little room for growth, you're unlikely to break even
NFT season 2025 = Altcoin season 2025
MCap is still at a low compared to the peak of the last cycle, but the performance will be very different from previous seasons
There are still plenty of opportunities for us, but of course, they won't be for everyone!
A lot of people are commenting "NFT szn".
If you look at the total NFT market cap, you see some recovery from the bottom, but we're still in the same range since 2023.
I think the reason it feels different is that the recent uptrend is concentrated in a few collections - so the total market cap is no longer a good indicator of how the NFT sector is doing.
The market cap of Pudgy Penguins did a 3x in the last three months.
For Moonbirds, it was a 9x.
CryptoPunks did a 2x, adding $800M USD to the total NFT market cap.
The next "NFT bull market" will likely not be a broad one with everything pumping.
Instead, we might see the few existing collections that have been building / are still relevant doing super well.
I even think we gonna see new ATHs because all the energy will be focused on them.
Also can’t neglect the impact of ETH/USD on this chat
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